AB854,208,2318
180.0403
(1) (a) A foreign corporation
that has not obtained a certificate of
19authority to transact business in this state under subch. XV may register its
20corporate name
, or a fictitious name adopted pursuant to s. 180.1506 (1), if the name
21is distinguishable
upon on the records of the department from the names
described
22in that are not available under s. 180.1506 (2) (a) 1. to
7. and if the foreign corporation
23delivers to the department for filing an application complying with par. (b) 4.
AB854,203
24Section
203. 180.0403 (1) (b) of the statutes is repealed and recreated to read:
AB854,209,6
1180.0403
(1) (b) To register its name or a fictitious name adopted pursuant to
2s. 180.1506 (1), a foreign corporation must deliver to the department for filing an
3application stating the foreign corporation's name, the jurisdiction and the date of
4its formation, and any fictitious name adopted pursuant to s. 180.1506 (1). If the
5department finds that the name applied for is available, the department shall
6register the name for the applicant's exclusive use.
AB854,204
7Section
204. 180.0403 (1) (c) of the statutes is amended to read:
AB854,209,98
180.0403
(1) (c) The registration
of a name under this section expires
annually
9on December 31.
The
AB854,209,15
10(d) A foreign corporation
whose name registration is effective may renew
its
the
11registration by delivering to the department for filing
a renewal application, which
12complies with par. (b), between October 1 and December 31 of each year that the
13registration is in effect
. The, a renewal application that complies with this section.
14When filed, the renewal application
when filed renews the registration for the next
15year.
AB854,205
16Section
205. 180.0501 of the statutes is renumbered 180.0501 (1m), and
17180.0501 (1m) (intro.), (b) and (c), as renumbered, are amended to read:
AB854,209,2518
180.0501
(1m) (intro.) Each corporation shall
continuously designate and 19maintain
in this state a registered office and registered agent
in this state. The
20designation of a registered agent is an affirmation of the fact by the corporation that
21the agent has consented to serve. The registered office may, but need not, be the same
22as any of
its the corporation's places of business.
The registered office must be an
23actual physical location with a street address and not solely a post office box, mailbox
24service, or telephone answering service. The registered agent shall be any of the
25following:
AB854,210,5
1(b) A domestic corporation,
a nonprofit or nonstock corporation,
a limited
2liability company, limited partnership,
a
or limited liability partnership
, or a limited
3liability company, incorporated or organized in this state or that has in effect a
4statement of qualification under s. 178.0901, whose business office is identical with
5the registered office.
AB854,210,96
(c) A foreign corporation,
nonprofit or nonstock corporation, limited
7partnership, registered limited liability partnership, or limited liability company
if
8that entity is authorized to transact business in this state
whose and the entity's 9business office is identical with the registered office.
AB854,206
10Section
206. 180.0501 (2m) and (3m) of the statutes are created to read:
AB854,210,1211
180.0501
(2m) A registered agent for a corporation must have an e-mail
12address and a place of business or activity in this state.
AB854,210,14
13(3m) The only duties under this chapter of a registered agent that has complied
14with this chapter are the following:
AB854,210,1715
(a) To forward to the corporation at the address most recently supplied to the
16agent by the corporation any process, notice, or demand pertaining to the corporation
17which is served on or received by the agent.
AB854,210,2018
(b) If the registered agent resigns, to provide the notice required by s. 180.0503
19to the corporation at the address most recently supplied to the agent by the
20corporation.
AB854,210,2221
(c) To keep current the information with respect to the agent in the articles of
22incorporation.
AB854,207
23Section
207. 180.0502 (1) (intro.) of the statutes is amended to read:
AB854,211,3
1180.0502
(1) (intro.) A corporation may change its registered office or
2registered agent, or both, by
doing any delivering to the department for filing a
3statement of change that states all of the following:
AB854,208
4Section 208
. 180.0502 (1) (a) of the statutes is repealed and recreated to read:
AB854,211,55
180.0502
(1) (a) The name of the corporation or foreign corporation.
AB854,209
6Section 209
. 180.0502 (1) (b) of the statutes is repealed and recreated to read:
AB854,211,87
180.0502
(1) (b) The information that is to be in effect as a result of the filing
8of the statement of change.
AB854,210
9Section
210. 180.0502 (1) (c) of the statutes is repealed.
AB854,211
10Section
211. 180.0502 (1m) and (1r) of the statutes are created to read:
AB854,211,1311
180.0502
(1m) A statement of change under this section designating a new
12registered agent is an affirmation of fact by the corporation that the agent has
13consented to serve.
AB854,211,15
14(1r) As an alternative to using the procedure in this section, a corporation may
15amend or restate its articles of incorporation.
AB854,212
16Section
212. 180.0502 (2) of the statutes is repealed.
AB854,213
17Section
213. 180.0502 (3) of the statutes is renumbered 180.0502 (3) (intro.)
18and amended to read:
AB854,212,219
180.0502
(3) (intro.) If the name
or e-mail address of a registered agent
20changes or if the street address of a registered agent's business office changes, the
21registered agent may change the name
or e-mail address of the registered agent or
22street address of the registered office of any corporation for which he, she, or it is the
23registered agent. To make a change under this subsection, the registered agent shall
24notify the corporation in writing of the change and deliver to the department for filing
1a
signed statement
of change that
complies with sub. (2) and recites that the
2corporation has been notified of the change
.
and states all of the following:
AB854,214
3Section
214. 180.0502 (3) (a), (b) and (c) of the statutes are created to read:
AB854,212,54
180.0502
(3) (a) The name of the corporation represented by the registered
5agent.
AB854,212,76
(b) The name, e-mail address, and street address of the agent as currently
7shown in the records of the department for the corporation.
AB854,212,88
(c) The new name, new e-mail address, or new street address of the agent.
AB854,215
9Section
215. 180.0502 (5) of the statutes is created to read:
AB854,212,1210
180.0502
(5) A registered agent promptly shall furnish notice to the
11represented corporation of the filing by the department of the statement of change
12and the changes made by the statement.
AB854,216
13Section
216. 180.0503 (1) (intro.), (a), (b), (c) and (d) of the statutes are
14amended to read:
AB854,212,1715
180.0503
(1) (intro.)
The
A registered agent
of a corporation may resign
as
16agent for a corporation by
signing and delivering to the department for filing a
17statement of resignation that
includes states all of the following
information:
AB854,212,1818
(a) The name of the corporation
for which the registered agent is acting.
AB854,212,1919
(b) The name of the
registered agent.
AB854,212,2120
(c) The
street address of the corporation's current registered office and its
21principal office
to which the department will send the notice required by sub. (2).
AB854,212,2322
(d)
A statement that That the
registered agent resigns
from serving as
23registered agent for the corporation.
AB854,217
24Section
217. 180.0503 (4) and (5) of the statutes are created to read:
AB854,213,5
1180.0503
(4) When a statement of resignation takes effect, the registered agent
2ceases to have responsibility under this chapter for any matter thereafter tendered
3to it as agent for the corporation. The resignation does not affect any contractual
4rights the corporation has against the agent or that the agent has against the
5corporation.
AB854,213,7
6(5) A registered agent may resign with respect to a corporation whether or not
7the corporation is in good standing.
AB854,218
8Section 218
. 180.0504 (1) of the statutes is repealed and recreated to read:
AB854,213,139
180.0504
(1) A corporation may be served with any process, notice, or demand
10required or permitted by law by serving its registered agent. The department may
11serve any written notice required or authorized under this chapter by e-mailing it
12to the registered agent's e-mail address on file with the department, and such notice
13shall be effective as provided in s. 180.0141.
AB854,219
14Section
219. 180.0504 (2) (intro.), (a) and (c) of the statutes are amended to
15read:
AB854,213,2216
180.0504
(2) (intro.) Except as provided in sub. (3), if a corporation has no
17registered agent or
the its registered agent cannot with reasonable diligence be
18served, the corporation may be served by registered or certified mail, return receipt
19requested,
or by similar delivery service, addressed to the corporation at its principal
20office
. Service is perfected under this subsection
, as shown on the records of the
21department on the date of sending. Service is perfected under this subsection at the
22earliest of the following:
AB854,213,2423
(a) The date on which the corporation receives the mail
or delivery by the
24commercial delivery service.
AB854,214,3
1(c) Five days after
its deposit it is deposited in the U.S. mail,
or with the
2commercial delivery service, if mailed postpaid and correctly addressed
and with
3sufficient postage or payment.
AB854,220
4Section
220. 180.0504 (3) of the statutes is amended to read:
AB854,214,175
180.0504
(3) If process, notice, or demand in an action cannot be served on a
6corporation pursuant to sub. (1) or (2), service may be made by handing a copy to the
7individual in charge of any regular place of business or activity of the corporation if
8the individual served is not a plaintiff in the action. Except as provided in s. 180.1421
9(2m) (b), if the address of the corporation's principal office cannot be determined from
10the records
held by of the department, the corporation may be served by publishing
11a class 3 notice, under ch. 985, in the community where the corporation's principal
12office or registered office, as most recently designated in the records of the
13department, is located.
If the address of the corporation's principal office cannot be
14determined from the records of the department, the corporation may be served by
15publishing a class 3 notice, under ch. 985, in the community where the corporation's
16principal office or registered office, as most recently designated in the records of the
17department, is located.
AB854,221
18Section 221
. 180.0504 (3m) of the statutes is created to read:
AB854,214,2019
180.0504
(3m) Service of process, notice, or demand on a registered agent must
20be in a written record.
AB854,222
21Section 222
. 180.0504 (4) of the statutes is repealed and recreated to read:
AB854,214,2322
180.0504
(4) Service of process, notice, or demand on a registered agent may
23be made by other means under law other than this chapter.
AB854,223
24Section
223. 180.0624 of the statutes is amended to read:
AB854,215,15
1180.0624 Share rights, options and warrants. Unless the articles of
2incorporation provide otherwise before the issuance of the rights, options or
3warrants, a corporation may issue rights, options or warrants for the purchase of
4shares of the corporation. The rights, options or warrants may contain provisions
5that adjust the rights, options or warrants in the event of an acquisition of shares or
6a reorganization, merger,
share interest exchange, sale of assets or other occurrence.
7Subject to the articles of incorporation, the board of directors shall determine the
8terms on which the rights, options or warrants are issued, their form and content,
9and the consideration for which the shares are to be issued. Notwithstanding s.
10180.0601 (1) and any other provision of this chapter, and unless otherwise provided
11in the articles of incorporation before issuance of the rights, options or warrants, a
12corporation may before, on or after April 30, 1972, issue rights, options or warrants
13that include conditions that prevent the holder of a specified percentage of the
14outstanding shares of the corporation, including subsequent transferees of the
15holder, from exercising those rights, options or warrants.
AB854,224
16Section 224
. 180.0704 (7) of the statutes is created to read:
AB854,215,2317
180.0704
(7) Any person executing a consent may provide, whether through
18instruction to an agent or otherwise, that a consent to action will be effective at a
19future time, including a time determined upon the happening of an event, and, for
20purposes of this section, if evidence of such instruction or provision is provided to the
21corporation, such later effective time shall serve as of the date of signature. Unless
22otherwise provided, any such consent shall be revocable prior to its becoming
23effective.
AB854,225
24Section 225
. 180.0821 (4) of the statutes is created to read:
AB854,216,7
1180.0821
(4) Any person, whether or not then a director, may provide, whether
2through instruction to an agent or otherwise, that a consent to action will be effective
3at a future time, including a time determined upon the happening of an event, and
4such consent shall be considered to have been given for purposes of this section at
5such effective time so long as the person is then a director and did not revoke the
6consent prior to that time. Any such consent shall be revocable prior to its becoming
7effective.
AB854,226
8Section
226. Subchapter XI (title) of chapter 180 [precedes 180.1100] of the
9statutes is amended to read:
AB854,216,1010
CHAPTER 180
AB854,216,1111
SUBCHAPTER XI
AB854,216,1312
MERGER,
SHARE interest EXCHANGE,
13AND CONVERSION
, and domestication
AB854,227
14Section
227. 180.1100 (1) of the statutes is renumbered 180.1100 (1g).
AB854,228
15Section
228. 180.1100 (1c) and (1e) of the statutes are created to read:
AB854,216,1716
180.1100
(1c) “Acquired entity" means the entity all of one or more classes or
17series of interests of which are acquired in an interest exchange.
AB854,216,19
18(1e) “Acquiring entity" means the entity that acquires all of one or more classes
19or series of interests of the acquired entity in an interest exchange.
AB854,229
20Section
229. 180.1100 (1j), (1m), (1o), (1q), (1s), (1u) and (1w) of the statutes
21are created to read:
AB854,216,2322
180.1100
(1j) “Constituent entity" means a merging entity or a surviving entity
23in a merger.
AB854,216,24
24(1m) “Conversion" means a transaction authorized by s. 180.1161.
AB854,217,2
1(1o) “Converted entity" means the converting entity as it continues in existence
2after a conversion.
AB854,217,3
3(1q) “Converting entity" means an entity that engages in a conversion.
AB854,217,5
4(1s) “Domesticated entity" means the domesticating entity as it continues in
5existence after a domestication.
AB854,217,7
6(1u) “Domesticating entity" means either a non-United States entity or a
7Wisconsin corporation that engages in a domestication.
AB854,217,9
8(1w) “Domestication" means a transaction authorized by ss. 180.1171 to
9180.1175.
AB854,230
10Section 230
. 180.1100 (2) and (3) of the statutes are amended to read:
AB854,217,1411
180.1100
(2) “Domestic business entity" means a corporation, a limited liability
12company, as defined in s. 183.0102
(10) (8), a partnership, as defined in s. 178.0102
13(11), a limited partnership, as defined in s.
179.01 (7) 179.0102 (12), or a corporation,
14as defined in s. 181.0103 (5).
AB854,217,19
15(3) “Foreign business entity" means a foreign limited liability company, as
16defined in s. 183.0102
(8) (5), a foreign partnership, as defined in s. 178.0102 (6), a
17foreign limited partnership, as defined in s.
179.01 (4) 179.0102 (6), a foreign
18corporation, as defined in s. 180.0103 (9), or a foreign corporation, as defined in s.
19181.0103 (13).
AB854,231
20Section
231. 180.1100 (4) to (14) of the statutes are created to read:
AB854,217,2121
180.1100
(4) “Interest" means any of the following:
AB854,217,2222
(a) A share in a business corporation.
AB854,217,2323
(b) A membership in a nonprofit or nonstock corporation.
AB854,217,2424
(c) A partnership interest in a general partnership.
AB854,217,2525
(d) A partnership interest in a limited partnership.
AB854,218,1
1(e) A membership interest in a limited liability company.
AB854,218,22
(f) A membership interest or stock in a general cooperative association.